About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

AFMD-93-28R 1 (1992-12-23)

handle is hein.gao/gaobackfb0001 and id is 1 raw text is: JIAC) United States , General Accounting Office Washington, D.C. 20548 Accounting and Financial Management Division December 23, 1992 General Jimmy D. Ross Commander 148275 U.S. Army Materiel Command 5001 Eisenhower Avenue Alexandria, VA 22333-0001 Dear General Ross: We recently completed a comprehensive review of the U.S. Army's financial management operations and fiscal year 1991 financial statements ursuant to the Chief Financial Officers Act of 1990 (Public Law 101-576). Reports on the overall results of our review were issued in August 1992.1 In our report on Army's financial statements, we said we were continuing to address the legal implications of unsupported year-end adjustments by the U.S. Army's Aviation and Troop Command (Aviation Command), a unit of the Army Materiel Command. More specifically, during our review, we found that Aviation Command personnel made a series of unsupported adjustments to its disbursement records for the subdivisions of funds established to control the expenditures of AVSCOM's procurement appropriations at the end of fiscal year 1991. The effect of these adjustments on the Aviation Command's year-end fund subdivision status reports was to eliminate negative balances in seven fund subdivisions and thus conceal that recorded disbursements exceeded available funding for those subdivisions by $25.4 million. These adjustments were then reversed early in fiscal year 1992. As noted in our financial audit report, these actions raise the issue of whether the adjustments obscured potential violations of the Anti-Deficiency Act and whether the Aviation Command violated an Army regulation requiring reports and follow-up investigations on potential violations. 'Examination of the Army's Financial Statements for Fiscal Year 1991 (GAO/AFMD-92-83) and Immediate Actions Needed to Improve Army Financial Operations and Controls (GAO/AFMD-92-82). GAO/AFMD-93-28R Unsupported Adjustments

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most